Thursday, August 7, 2014

1288 AD - Birth of the Corporation

In 1999, Seattle drew the world’s attention as protesters disrupted meetings of the World Trade Organization. The protesters beat drums and chanted against many things. Anti-corporation vitriol was a common theme.
Corporations were not always targeted by populists, politicians or students wearing butterfly costumes. Indeed, the history of the corporation—as a form of social organization with legal recognition similar to that given to an individual—predates t-shirt tie-dying by 2,000 years. Corporation-like entities existed in ancient India and Rome.